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Adam Smith wrote that the efficiency of markets relies on the free movement of goods. What happens when governments seize property in order to exert political pressure — or out of greed? A major, arguably the primary, incentive of the capitalist system is that it offers the potential of accruing wealth. Individuals and companies rely... Read More
Vladimir Putin got straight to the point. At the opening of his one hour and fourteen minute video conversation with Xi Jinping on 15 December, he described Russia-China relations as “an example of genuine inter-state cooperation in the 21st century.” Their myriad levels of cooperation have been known for years now – from trade, oil... Read More
At the end of the nineteenth century, Lord Palmerston stated what he thought was obvious, that “England has no eternal friends, England has no perpetual enemies, England has only eternal and perpetual interests.” Palmerston was saying that national interests should drive the relationships with foreigners. A nation will have amicable relations most of the time... Read More
Given Israel’s clearly demonstrated ability to manipulate and manage American government at all levels, there is inevitably considerable speculation about the presence of actual Israeli citizens in the federal and state bureaucracies. Very often, lists that appear on the internet focus on Jewish legislators, but in reality, few of them are likely to have Israeli... Read More
So, finally, the suspense is over. Kind of. The US Treasury has finally released the list of Russian entities and individuals which could (conditionally!) be sanctioned by the US Treasury in compliance with the H.R.3364 - Countering America's Adversaries Through Sanctions Act. These two short excerpt from the report show why I say "could": and... Read More
While you have probably already forgotten the feast, Russia is only now slowly coming back to life after its overlong Christmas break completed on January 14 by the quaintly named Old New Year, or even perhaps by the Epiphany on January 19. Everybody went somewhere, even candidates for the presidential race coming in on March... Read More
The first pathetic pieces of wreckage of North Korean fishing boats known as “ghost ships” to be found this year are washing up on the coast of northern Japan. These are the storm-battered remains of fragile wooden boats with unreliable engines in which North Korean fishermen go far out to sea in the middle of... Read More
Do they know what they are doing? When the U.S. Congress adopts draconian sanctions aimed mainly at disempowering President Trump and ruling out any move to improve relations with Russia, do they realize that the measures amount to a declaration of economic war against their dear European “friends”? Whether they know or not, they obviously... Read More
While Secretary of State, Madeleine Albright, who is currently advising presidential candidate Hillary Clinton, famously said that the estimated 500,000 children who died as a result of U.S. sanctions on Iraq was “worth it.” It was, perhaps, a rare moment of candor from a politician, an admission that Washington is willing to support ostensibly non-lethal... Read More